Fidelity Stocks For Inflation ETF (BATS:FCPI) Shares Down 0.1% – Here’s What Happened

Fidelity Stocks For Inflation ETF (BATS:FCPI)’s stock price fell 0.1% during mid-day trading on Thursday . The stock traded as low as $50.17 and last traded at $50.00. 5,494 shares changed hands during trading, a decline of 75% from the average session volume of 21,591 shares. The stock had previously closed at $50.04.

Fidelity Stocks For Inflation ETF Price Performance

The company’s fifty day moving average price is $50.32 and its 200 day moving average price is $49.43. The company has a market cap of $242.50 million, a PE ratio of 18.17 and a beta of 0.91.

Hedge Funds Weigh In On Fidelity Stocks For Inflation ETF

Institutional investors have recently modified their holdings of the business. Golden State Wealth Management LLC purchased a new position in shares of Fidelity Stocks For Inflation ETF in the second quarter worth about $1,919,000. Ameritas Advisory Services LLC purchased a new position in Fidelity Stocks For Inflation ETF in the 2nd quarter valued at approximately $126,000. Osaic Holdings Inc. raised its holdings in Fidelity Stocks For Inflation ETF by 94.6% during the 2nd quarter. Osaic Holdings Inc. now owns 92,413 shares of the company’s stock valued at $4,314,000 after acquiring an additional 44,930 shares during the period. Atria Investments Inc purchased a new stake in shares of Fidelity Stocks For Inflation ETF during the second quarter worth $8,104,000. Finally, Financial Advocates Investment Management purchased a new stake in shares of Fidelity Stocks For Inflation ETF during the second quarter worth $1,359,000.

About Fidelity Stocks For Inflation ETF

The Fidelity Stocks for Inflation ETF (FCPI) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of U.S. large- and mid-cap stocks based on multi-factor criteria with structural tilts towards inflation-sensitive sectors and industries FCPI was launched on Nov 5, 2019 and is managed by Fidelity.